The One Big Beautiful Bill Act's (OBBBA's) requirement to report overtime and tips to the IRS starting with tax year 2025 was heavy lifting. After all, the legislation passed in July 2025, leaving employers with little prep time before tax…
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Regulators are intensifying audits of worker misclassification, elevating it from an administrative detail to a recurring financial risk. Case in point: A recent $10 million California judgment shows how classification errors translate directly into penalties and unplanned costs. State Enforcement…
Federal shutdown headlines dominate business coverage, but finance teams are focused on the practical fallout – revising project schedules, reworking budgets, and tightening spending plans as uncertainty drags on. The Congressional Budget Office (CBO) has released new analysis putting hard…
Time to update your systems: SSA has announced the 2026 Social Security taxable wage base. Next year’s number will increase to $184,500 – that’s $8,400 more than the current amount of $176,100. So, the official projection released earlier this year…
A $900,000 settlement in Washington highlights the financial impact of pay transparency penalties when employers fail to include required pay information in job postings. In this case, several Domino’s Pizza franchisees were accused of violating Washington’s pay transparency law by…
Is your company a joint employer, subject to trickier overtime compliance issues? If you don't ask that question, employees might do it for you. Case in point: An employee recently contacted the Department of Labor (DOL), asking for guidance on…
The U.S. Chamber of Commerce is suing to block the Trump administration’s new $100,000 fee on H-1B visas, arguing it would drive up labor costs and limit access to global talent. For most employers, it’s an unbudgeted expense – a…
An employee who says his employer withheld overtime pay has recovered about $3,700 so far – but he is fighting to get much more. For finance teams, the case shows that depending on state law, the cost for violating applicable…
A newly filed FLSA misclassification lawsuit in Massachusetts could have financial implications for FedEx, as it accuses the package delivery company of neglecting its legal duty to pay drivers overtime. The suit essentially asserts that FedEx created the independent service…
The amounts you can exclude from an employee’s gross income for certain fringe benefits will increase for 2026, IRS announced. As you know, fringe benefits are generally subject to income tax withholding as well as Social Security and Medicare taxes,…
In September 2025, the Trump administration introduced a significant policy change that impacts H-1B visa costs: a one-time $100,000 fee for new H-1B petitions. This move sparked immediate concern among U.S. businesses, especially in sectors that rely on skilled foreign…
Under a new law in Maine, covered employers are now required to provide compensation -- or show-up pay -- to employees who report to work but have their shifts canceled or reduced. Finance teams should anticipate adjustments to payroll processes…
